Birla Corporation Limited — QIP/Rights/Pref., 09-05-2025: Issue of Securities

Birla Corporation has announced a board meeting and approved financial results for the quarter and half-year along with a ₹10 per share dividend totaling ₹77.01 Cr. It plans a ₹860 Cr capex to expand cement grinding capacity by 2.8 MTPA at Gaya, funded via debt and internal accruals. The company will issue up to ₹200 Cr in redeemable Non-Convertible Debentures through private placement, with terms and timing to be decided, and plans to list them on BSE/NSE. Proceeds will support corporate financing needs. Key management changes include reappointing the MD and a director’s resignation.